Looking at the universe of stocks we cover at
, on 2/12/14, 3M Co (Symbol: MMM), Eli Lilly & Co. (Symbol:
LLY), and Provident Financial Services Inc (Symbol: PFS) will all
trade ex-dividend for their respective upcoming dividends. 3M Co
will pay its quarterly dividend of $0.855 on 3/12/14, Eli Lilly
& Co. will pay its quarterly dividend of $0.49 on 3/10/14, and
Provident Financial Services Inc will pay its quarterly dividend of
$0.15 on 2/28/14. As a percentage of MMM's recent stock price of
$129.55, this dividend works out to approximately 0.66%, so look
for shares of 3M Co to trade 0.66% lower - all else being equal -
when MMM shares open for trading on 2/12/14. Similarly, investors
should look for LLY to open 0.92% lower in price and for PFS to
open 0.91% lower, all else being equal.
Below are dividend history charts for MMM, LLY, and PFS, showing
historical dividends prior to the most recent ones declared.
3M Co (Symbol: MMM)
Eli Lilly & Co. (Symbol: LLY)
Provident Financial Services Inc (Symbol: PFS)
In general, dividends are not always predictable, following the ups
and downs of company profits over time. Therefore, a good first due
diligence step in forming an expectation of annual yield going
forward, is looking at the history above, for a sense of stability
over time. This can help in judging whether the most recent
dividends from these companies are likely to continue. If they do
continue, the current estimated yields on annualized basis would be
2.64% for 3M Co, 3.69% for Eli Lilly & Co., and 3.66% for
Provident Financial Services Inc.
In Monday trading, 3M Co shares are currently down about 0.6%, Eli
Lilly & Co. shares are off about 0.1%, and Provident Financial
Services Inc shares are down about 0.6% on the day.
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